12,765 Shares of Archer Daniels Midland Company $ADM Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Archer Daniels Midland Company (NYSE:ADM) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 12,765 shares of the company’s stock, valued at approximately $1,013,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kelleher Financial Advisors acquired a new stake in Archer Daniels Midland during the second quarter worth approximately $25,000. Triumph Capital Management lifted its position in shares of Archer Daniels Midland by 62.2% during the 3rd quarter. Triumph Capital Management now owns 313 shares of the company’s stock worth $25,000 after buying an additional 120 shares during the last quarter. William Mack & Associates Inc. acquired a new position in shares of Archer Daniels Midland in the 3rd quarter valued at $25,000. Orion Capital Management LLC acquired a new position in shares of Archer Daniels Midland in the 2nd quarter valued at $27,000. Finally, Latitude Advisors LLC acquired a new position in shares of Archer Daniels Midland in the 3rd quarter valued at $28,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Price Performance

ADM stock opened at $70.05 on Monday. The company has a market capitalization of $33.34 billion, a P/E ratio of 13.66, a PEG ratio of 2.04 and a beta of 0.63. Archer Daniels Midland Company has a twelve month low of $55.58 and a twelve month high of $88.75. The business has a 50 day simple moving average of $81.09 and a 200-day simple moving average of $76.55. The company has a current ratio of 1.45, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.17. The business had revenue of $22.34 billion for the quarter, compared to analyst estimates of $23.27 billion. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. As a group, equities analysts anticipate that Archer Daniels Midland Company will post 5.72 EPS for the current year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. Archer Daniels Midland’s dividend payout ratio is currently 40.55%.

Analyst Upgrades and Downgrades

ADM has been the topic of several research analyst reports. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Barclays boosted their price target on shares of Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen lowered Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, BMO Capital Markets raised their price objective on Archer Daniels Midland from $77.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $80.25.

About Archer Daniels Midland

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets.

ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.

Founded in 1902, the company has grown from a linseed-processing business into an international enterprise serving customers across a wide range of markets and geographies.